Sixty percent of the fund is already committed.
This oversubscribed series B round is the largest raised by a P2P lending platform in Southeast Asia.
Funds will be used to strengthen cloud communications market leadership in Asia Pacific.
Singapore startup Wavecell has announced a Series A investment of S$2.3 million led by Qualgro Asean Fund, with participation from Wavemaker Partners.
Singapore-headquartered Mobikon, which operates a marketing platform for the F&B (food and beverage) industry, said it has raised funding from Life.Sreda and Qualgro, in line with its plan to “aggressively expand” in South-East Asia. The amount was not disclosed.